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Sales in December of this year were $900,000. Projected sales for the first 3 months...

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Accounting

Sales in December of this year were $900,000. Projected sales for the first 3 months of next year are-:

January $800,000

February $750,000

March $840,000

Sales are made 20% on Cash and 80% on credit. Customers pay their accounts one month after the sale.

Calculate total cash receipts from cash sales only expected for the month of February.

Select one:

a. $150,000

b. $790,000

c. $750,000

d. $640,000

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